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SCCAF - Sleep Country Canada: The Road To Recovery Will Be A Lengthy One
Sleep Country Canada Holdings Inc
Investment Thesis
Sleep Country Canada (SCCAF) (TSX: “ZZZ”) had a challenging Q1 2020 due to the outbreak of coronavirus that happened towards the end of the quarter. The company has taken several measures to preserve cash and should have enough liquidity to go through this health care crisis. However, the recovery is expected to be slow for Sleep Country.
As many Canadians are struggling with their finances, it may be challenging for them to replace their mattresses and put this as their priority. In addition, a good chunk of its sales come from